Under-recoveries of the OMCs exposed.

The so-called "under-recoveries"is a 2 G spectrum scam on an annual basis!!
       There is another scam in the making:-.the pricing of NG produced in India,based on an average one of  USA,Europe and Japan.
       While this is for favouring Shell India a 100% FDI,LNG Co of the Rothschilds and Total Of France,the master of M M Singh,the following argument of the Industry Sources",themselves refutes the claim of the so-called,"ünder-recoveries",by the OMCs[of course,helped by ,many in positions of Influence with a  wink],THEMSELVES!!!.
"Industry sources, however, raised doubts saying acceptance of the recommendations would lead to overriding of the signed contracts. Currently, Production Sharing Contracts (PSC) provide for gas being sold at an arms-length price discovered through market bids invited from potential users. Acceptance of the recommendation would mean government mandating a price of gas and ending the last of the remaining freedoms available, they said.

The government has already taken over the task of fixing users curbing marketing freedom guaranteed in PSC. Sources also questioned how a market price in the US or Europe which is a function demand and supply in that region, could be applied to a hugely fuel deficit nation like India. The US has low gas prices because of abundant fuel with the advant of shale gas while demand in Europe and Japan, unlike India, has fallen."

     Under-recoveries of the OMCs exposed.
     There are also other questions,like:-
1.Why not the same salary and perks as in the USA,Europe,Japan etc for Indian employees[of these Cos,especially]?The per capita income of Indians is LOW, compared to these three.
2.Why not pay the salaries and perks,where applicable,in US Dollars,Gold or the strongest Currency,prevailing?
3.Weather in the USA,Europe,Japan is different from  that of India and the Winter is COLDER.This may affect the prices.
4.Why not the cheapest prices from other nations like those in the Gulf ,Latin America etc etc?
4/11/2013:- 
                        THIS link,shows P.Chidambaram admitting the OMCs are indeed making profits.

Will be updated.....

Club Of 300 And India's petroleum Fuel Policy,under M M Singh,member,Club Of Rome....

      It is widely suspected that in 2004 a regime change was achieved by the Global Elites in India and M M Singh,member,Club Of Rome,a child of Club Of 300,was appointed as PM of India with a deft and deceptive manipulation.......
                                                       



After 2004 India's Petroleum Industry is targeted for Policy Changes favouring the Rothschilds and Mittal,both member's Club Of 300[lAKSHMI MITTAl,Rothschilds].M M Singh is member Club Of Rome.
Vikram Singh Mehta,member Club Of Rome India a child of both Club Of 300 and Club Of Rome,is CEO Shell India[a Rothschilds Co in collaboration with Total of France].he was ADVISOR to the Ministry Of Petroleum And NG for FOUR years.In 2004,Shell India got 100% FDI Clearance in LNG marketing,with a terminal in Hazira,Gujarat.This is a very shrewd business move, as cooking in India will later be converted to LNG as the Fuel.In Delhi Kerosene is discouraged and freebies are being offered by this Union Territory Government to encourage the use of LNG as the cooking  medium.The huge number of households in India, is a very lucrative market...
    The proposed New LNG Policy seems to be for favouring the Rothschilds.
    The shocking hikes and deregulation of petroleum fuels,especially after about 27th April 2012,when the Bhatnda Refinery,a PPP=-affair between HPCL and Mittal Energy Investment Ltd [MEL],, is also for the benefit of the Rothschilds Mittal and the private players in India.
       During the inauguration of the Commissioning of the Bhatinda refinery M M Singh hinted at price hikes of petroleum fuels,as usual not failing to mention about "India's Poor",in his "double-speak",so hypocritical of him and his elk!
      It is to be noted that the Rothschilds,through their ERANDA FOUNDATION have started a Scholarship for Indian Students, in the Cambridge University,inn the name of M M Singh.
     Shell India has since has signed, a MOU with ONGC.India's oil Sector INFILTRATED!
To be continued......